Indiana § 36-7.5-4.5-14 "State income tax increment revenue"

Indiana Statutes

§ 36-7.5-4.5-14 — "State income tax increment revenue"

Indiana § 36-7.5-4.5-14

Title 36LOCAL GOVERNMENT

Art. 7.5NORTHWEST INDIANA REGIONAL

Ch. 4.5Rail Transit Development Districts

This text of Indiana § 36-7.5-4.5-14 ("State income tax increment revenue") is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 36-7.5-4.5-14 (2026).

Text

(a)As used in this chapter, "state income tax increment revenue" means the remainder of:

(1)the aggregate amount of state adjusted gross income taxes paid or remitted for a calendar year with respect to:

(A)wages and salary earned for work in the territory comprising a district; and

(B)income earned by residents living within the district; minus

(2)the state income tax base period amount.

(b)If an individual is a resident of one (1) district and is employed within another district during a calendar year, the state income tax for the individual shall be attributed to the district in which the individual resides.

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(a) As used in this chapter, "state income
tax increment revenue" means the remainder of:
(1) the aggregate amount of state adjusted gross income taxes
paid or remitted for a calendar year with respect to:
(A) wages and salary earned for work in the territory
comprising a district; and
(B) income earned by residents living within the district; minus
(2) the state income tax base period amount.
(b) If an individual is a resident of one (1) district and is employed
within another district during a calendar year, the state income tax for
the individual shall be attributed to the district in which the individual
resides.